Question 1

What CPA services does Your Virtual CPA offer?

Accepted Answer

Your Virtual CPA PLLC provides comprehensive CPA services including financial statement audits, Single Audits (Uniform Guidance), Yellow Book audits, nonprofit audits, employee benefit plan audits, bookkeeping (starting at $199/month), financial management ($499/month), fractional CFO services ($800/month), and tax planning and preparation. We serve clients virtually across all 50 states with in-person audit fieldwork available in Washington DC, Virginia, and Maryland.

Question 2

What is a Fractional CFO?

Accepted Answer

A Fractional CFO is a part-time Chief Financial Officer who provides strategic financial leadership to growing businesses without the $150,000+ cost of a full-time executive. Services include cash flow forecasting, budgeting, profitability analysis, growth strategy, and investor-ready financial reporting. Your Virtual CPA offers Fractional CFO services starting at $800/month.

Question 3

How much do bookkeeping services cost?

Accepted Answer

Professional bookkeeping services from Your Virtual CPA start at $199/month. This includes monthly bank and credit card reconciliation, expense categorization, accounts receivable and payable tracking, balance sheet and profit & loss statements, and QuickBooks Online or Xero management.

Question 4

Do you provide audit services for nonprofits?

Accepted Answer

Yes, we specialize in nonprofit audits including financial statement audits, Single Audits for organizations spending $750,000+ in federal awards, Yellow Book (Government Auditing Standards) audits, and Form 990 preparation. We serve nonprofit organizations virtually nationwide with in-person fieldwork in Washington DC, Virginia, and Maryland.

Question 5

What is a Single Audit?

Accepted Answer

A Single Audit (also called a Uniform Guidance audit) is required for nonprofits and state/local governments that spend $750,000 or more in federal awards in a fiscal year. It tests compliance with federal award requirements and is reported to the Federal Audit Clearinghouse. The audit is due 9 months after the fiscal year-end.

Question 6

What areas do you serve?

Accepted Answer

Your Virtual CPA serves clients virtually across all 50 United States. We provide in-person audit fieldwork and meetings in the Washington DC metro area including Virginia (Alexandria, Arlington, Fairfax, Tysons, Reston, McLean, Vienna, Richmond), Maryland (Bethesda, Rockville, Silver Spring, Columbia, Baltimore), and Washington DC.

Question 7

What accounting software do you use?

Accepted Answer

We primarily work with QuickBooks Online and Xero. As certified QuickBooks ProAdvisors and Xero Partners, we can set up, manage, and optimize your accounting software. We can also accommodate other cloud-based accounting systems depending on your needs.

Question 8

Can you help with IRS audits and back taxes?

Accepted Answer

Yes, we provide IRS representation services including audit defense, notice responses, payment plan negotiation, offer in compromise, and help with unfiled tax returns and penalty abatement requests.

Question 9

What is an Employee Benefit Plan Audit?

Accepted Answer

An Employee Benefit Plan Audit (also called a 401(k) audit) is required for retirement plans with 100 or more eligible participants. It is filed with Form 5500, tests participant data and plan investments, and is due 7 months after the plan year-end (with extension available).

Question 10

How do your virtual CPA services work?

Accepted Answer

We connect securely to your bank accounts and accounting software. All communication is via video call, phone, and email. Documents are shared through secure portals. Most new clients are fully onboarded within 2 weeks.